According to a recent comprehensive by MarkNtel Advisors Automotive LiDAR Market research report, the Automotive LiDAR market is set for significant growth, driven by factors such as market size, share, and evolving trends.
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This detailed report offers crucial insights into the market, covering key aspects such as market segmentation and definitions. It outlines the main drivers of growth and provides a clear forecast of the industry’s future direction. Additionally, the study provides a thorough overview of the competitive landscape, detailing recent developments and regional distribution across major areas. An expert competitor analysis delivers an in-depth understanding of market dynamics, offering strategic recommendations for businesses and investors.
With its robust analysis and forward-looking projections, this report is an essential resource for stakeholders aiming to leverage emerging opportunities and address potential challenges in the Automotive LiDAR market.
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Automotive LiDAR Market (2024-2030): Analysis and Growth
The Global Automotive LiDAR Market size was valued at around USD 510 million in 2023 & is estimated to grow at a CAGR of around 18.5% during the forecast period, 2024-30.
What are the key drivers fueling growth in the Automotive LiDAR market from 2024-2030?
Increasing Adoption of Autonomous Vehicles – The growth in the Global Automotive LiDAR Market is primarily driven by the increasing adoption of autonomous vehicles and the technological advancement involved in improving their reliability. The automobile companies generally used other technologies such as cameras, radars, ultrasonic, and sensors to achieve the L1 and L2 autonomy of the automobile and even L3. But while using these works fine till L2 autonomy goes further will need much sophistication in the system of autonomous vehicles as these technologies struggle to detect the exact location, shape, and size of the objects in the surroundings. This shortcoming leads to automobiles having difficulty differentiating various objects from pedestrians, to animals to other vehicles present in the surroundings especially if they are slightly away from the vicinity of the automobile. The usage of LiDAR solves such shortcomings improving the reliability of the autonomous automobile.
Automotive LiDAR Market : Segmentation Analysis
-By Technology
-Mechanical
-Solid-state
-By Application
-Autonomous
-Semi-Autonomous
-By Range
-Short & Mid-Range (Up to 200 meters)
-Long Range (Above 201 meters)
-By Image Processing
-2-D
-3-D
-4-D
-By Location
-Bumper and Grill
-Headlight and Taillight
-Roof and Upper Pillar
-Others (Windscreen, Rear View Mirrors, etc.)
-By Vehicle Type
-Passenger Vehicles
-Internal Combustion Engine (ICE) Vehicle
-Electric Vehicle (EV)
-Commercial Vehicles
-By Demand Type
-OEM
-Replacement
-By Region
-North America
-South America
-Europe
-Middle East and Africa
-Asia-Pacific
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What role do key competitors play in shaping the market, and how are they adapting to emerging trends and challenges?
Delphi Automotive, PLC, Continental AG, ZF Friedrichshafen AG, Infineon Technologies AG, Velodyne LiDAR, Inc., Texas Instruments, Inc., Leddartech, Inc., First Sensor AG, Quanergy Systems, Inc., Innoviz Technologies, Ltd., Luminar Technologies, Ouster, Inc., Robert Bosch GmbH, Valeo, Benewake (Beijing) Co., Ltd., Others
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Key Report Highlights
- Market Dimensions & Projections
- Pricing Evaluation,
- Recent Strategic Moves by Companies,
- Primary Stakeholders,
- Analysis of Import and Export Trends,
- Competitive Landscape Assessment,
- Emerging Opportunities,
- Market Trends and Indicators
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